You can read why I had purchased eBay shares here:
Why they are on the rise again you can read below:
Reuters: EBay profits jump 52 %
SAN FRANCISCO (Reuters) – Online auction leader eBay Inc. (EBAY.O: Quote, Profile , Research) reported on Wednesday quarterly results that beat Wall Street expectations and said its outlook for the rest of the year would be at the high end of analysts’ predictions.
Shares of eBay jumped as much as 6 percent after the company posted a 52 percent jump in net profit on a 27 percent revenue rise, led by growth in its core auctions business and the rising prominence of international sales.
“I would say it was a very strong quarter across the board,” Chief Executive Meg Whitman said in an interview. “We are actually accelerating our organic growth rate, excluding the impact of foreign exchange and acquisitions.” …read more…
another source: BBC: Overseas business boosting eBay
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